TRON
Tron Inc.
Next earnings Aug 6, 2026
$1.57
▲ +15.44%$1.57▼ -85.78%
over 1Y
L $1.13EODHDH $11.04
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+15.4%
1W+15.4%
1M-24.9%
3M-27.6%
YTD+15.4%
1Y-85.8%
Avoid
Conviction
Horizon
Long (>12mo)
Tiny money-losing toy maker turned TRX treasury proxy at 82.5x sales with 88.5% controlling shareholder — not investable.
Tron Inc. (formerly SRM Entertainment) is a $4.74M-revenue toy and souvenir designer that has been repurposed as a publicly traded TRON (TRX) crypto treasury vehicle. The MD&A states plainly that on August 29, 2025, Bravemorning — wholly owned by director Weike Sun — acquired 220 million shares via PIPE warrant exercise for $110M, giving it ~86.6% of common and, with convertible preferred, ~92.5% aggregate voting power (88.5% as of March 18, 2026). Public float economics are effectively irrelevant: minority holders cannot influence governance, capital allocation, or any future related-party transactions with Justin Sun, who separately injected $18M in December 2025. This is a controlled crypto-proxy, not an independent operating company.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | $6.08M | $5.76M | $4.31M | $4.74M |
| Gross profit | $1.23M | $1.32M | $855K | $1.20M |
| Operating income | $358K | -$2.04M | -$4.33M | -$2.52M |
| Net income | $329K | -$2.05M | -$4.34M | -$16.8M |
| Diluted EPS | $0.05 | -$0.27 | -$0.37 | -$0.16 |
| Net margin | 5.4% | -35.7% | -100.6% | -354.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$431M
EV / EBITDA—
EV / Sales90.9
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-3.9%
FCF yield-0.4%
Quality & risk
ROIC (est.)-0.9%
Free cash flow-$1.69M
Total debt—
Net cash—
Altman Z-Score231.33 safe
Piotroski F-Score4/8
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+1491.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
- 8-K Reg FD disclosure2026-05-11
- 10-Q Quarterly report2026-05-08
- 8-K Unregistered share sales2026-04-08
- 8-K Officer / director change2026-04-01
- 10-K Annual report2026-03-25
- S-3 Shelf registration (potential raise)2026-03-18
- S-3/A Shelf registration (potential raise)2026-03-13
- 8-K Reg FD disclosure2026-02-12
- S-3/A Shelf registration (potential raise)2026-02-06
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-05-112026-05-11open ↗10-QPeriod ending 2026-03-312026-05-08open ↗SCHEDULE 13D/AFiling2026-04-13open ↗4Period ending 2025-08-272026-04-08open ↗3Period ending 2025-06-162026-04-08open ↗3Period ending 2025-06-162026-04-08open ↗3Period ending 2025-06-162026-04-08open ↗8-KPeriod ending 2026-04-022026-04-08open ↗8-KPeriod ending 2026-03-312026-04-01open ↗EFFECTFiling2026-03-30open ↗EFFECTFiling2026-03-30open ↗CORRESPFiling2026-03-26open ↗
Frequently asked
- Is Tron Inc. (TRON) a buy?
- TRON currently carries a Avoid rating with 5/5 conviction, derived from its latest SEC filings. Tiny money-losing toy maker turned TRX treasury proxy at 82.5x sales with 88.5% controlling shareholder — not investable.
- What is Tron Inc.'s quality score?
- TRON scores 37.11764705882352/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001956744, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/25/2026, 3:20:30 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.